2022
Exports
$327MWorld Rnk 7 / 203
Flag Rnk 168 / 1176
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery
-0.71Rnk 761 / 1025
2022
Imports
$133MWorld Rnk 25 / 218
Flag Rnk 353 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $327M in Knit Socks and Hosiery, making it the 7th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 168th most exported product in Vietnam. The main destination of Knit Socks and Hosiery exports from Vietnam are: United States ($88M), Japan ($86.6M), Netherlands ($21.9M), Australia ($21.6M), and Canada ($14.3M).

The fastest growing export markets for Knit Socks and Hosiery of Vietnam between 2021 and 2022 were Japan ($26.8M), Australia ($14.5M), and Belgium ($6.61M).

Imports In 2022, Vietnam imported $133M in Knit Socks and Hosiery, becoming the 25th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 353rd most imported product in Vietnam. Vietnam imports Knit Socks and Hosiery primarily from: China ($128M), Germany ($804k), Chinese Taipei ($553k), South Korea ($495k), and Thailand ($486k).

The fastest growing import markets in Knit Socks and Hosiery for Vietnam between 2021 and 2022 were China ($42.3M), Germany ($211k), and Singapore ($209k).

COMPANIES In 2023, leading companies such as Old Navy (457), Gap (245), and American Eagle Outfitters (25) were at the forefront of shipping Knit Socks and Hosiery from Vietnam to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Socks and Hosiery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$327M
IMPORTS (2022)$133M
NET TRADE (2022)$194M

In 2022, Vietnam exported $327M in Knit Socks and Hosiery. The main destinations of Vietnam exports on Knit Socks and Hosiery were United States ($88M), Japan ($86.6M), Netherlands ($21.9M), Australia ($21.6M), and Canada ($14.3M).

In 2022, Vietnam imported $133M in Knit Socks and Hosiery, mainly from China ($128M), Germany ($804k), Chinese Taipei ($553k), South Korea ($495k), and Thailand ($486k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$26.8M (44.7%)
Australia$14.5M (203%)
Belgium$6.61M (88.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Vietnam WERE (2021 - 2022):
Netherlands-$6.88M (-24%)
China-$2.93M (-38%)
Russia-$1.89M (-85.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
In 2022, Vietnam's main importing competitors in Knit Socks and Hosiery were:

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $21M
TOP IMPORT POTENTIALChina+ $39M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $21M.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $39M.

See methodology.

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